From admissions to graduation and beyond
The big print giveth: In Sept. President Bush signed a law adding $85 million to the previously allocated $238.1 million for 39 predominately black colleges. The small print taketh away: The Bush administration's new budget cuts aid to the schools by the same amount, angering Democrats who helped provide the money!
Harvard is raising tuition 3.5 percent for the next academic year. The cost of tuition, room and board, and student fees will be $47,215. The UMass Board of Trustees approved a 3.1 percent increase in student charges for the next academic year, raising the average cost at the system's four undergraduate universities for in-state students by $288, from $9,261 to $9,549.
Washington University's plan says that families with incomes of less than $60,000 will no longer be expected to take out student loans. The school will instead provide those students with grants. The proposal will cost the school an additional $2.5 million on top of the $60 million it already spends on financial aid. Big deal!
This $50,000+ per year school will boost scholarships for students with family incomes below $60,000. It will also allow RPI to offer aid to families in the $60,000 to $160,000 bracket who might not have qualified for it in the past, said James Nondorf, vice president for enrollment. More details to follow.
MIT announced last Friday that students whose families earn less than $75,000 per year will no longer pay tuition and will also have lower self-help expectations than last year: $2,850, down from $5,250. At the same time they announced that tuition for higher earning families will go up 4% and those students will now have an expected self-help contribution of $4,750 - the BIG print giveth while the small print taketh away! Home equity will no longer be considered in determining financial aid
